This is a proposal for the formation of a special-purpose vehicle (SPV) to serve as a bridge for strategic contributors. Motivation Forming a special-purpose vehicle (SPV) should serve as a bridge for strategic contributors, e.g. institutional actors like pharmaceutical companies and funds, to part…

[image] Jesse: This is a proposal for the formation of a special-purpose vehicle (SPV) to serve as a bridge for strategic contributors, e.g. institutional actors like pharmaceutical companies and funds, to participate in VitaDAO through control of VITA allocated to the SPV pursuant to VDP-11. …

Got some question: a.) is it one SPV per “strategic contributor” , or is it one SPV for all “strategic contributors”? if it is b.) can the “strategic contributors” cast their votes independently of each other or does the entire SVP have to vote for the same thing?

B) all Strategic Contributors in one SPV. Members/shareholders of the SPV should not be required to vote as a single bloc, but rather be empowered to vote with their pro rata portions of the VITA held by the SPV.

Ok that’s great that they can vote with pro rata portions. Would have been worried if it would be a block vote - not too decentralised :wink:

[image] Jesse: heir pro rata portions of the VITA held by the SPV. would be great to include that in the proposal though for clarification.

GG @Jesse , you’re on fire :fire::yellow_heart: Curious how they’ll do this. Will they get a way to interact with wallets / safes / smart contracts to be able to vote but not move the tokens outside the SPV? One idea I have is to aggregate their votes (100 yes, 60 no–> the SPV votes with 40) or hav…

With our current Snapshot.org voting system, tokens can remain inside the SPV and still be used to vote. The SPV could create wallets for each of its contributors to hold their token allocations in, so there’s not just a single SPV wallet. I like the aggregation idea. But if the SPV can just creat…

ohh so they would get access to the private keys to be able to sign the votes on snapshot?

The SPV contributors should either directly or via a designated proxy be able to access their VITA balances for voting.

This proposal is now live on Snapshot .

VDP-24: VitaDAO SPV for Strategic Contributors

Proposals Passed Proposals

Topic		Replies	Views
VDP-58 Proposal to Accept Funds Passed Proposals	4	1227	October 7, 2022
VDP-54 Institutional Genesis Raise Passed Proposals	6	2959	September 7, 2022
VDP-11 New 10% VITA Mint for Treasury & Strategic Contributors Passed Proposals	28	3296	January 19, 2022
Continuing the discussion what happens after VDP-11 Tokenomics Squad	0	1030	January 19, 2022
VitaDAO Governance VitaDAO Constitution	2	1951	January 10, 2023

VDP-24: VitaDAO SPV for Strategic Contributors

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